TCorp acknowledges funding challenges as requirement falls
- Tuesday, 06 September 2011
Following the publication of the New South Wales (NSW) state budget on September 6, NSW Treasury Corporation (TCorp) released its revised funding target for the 2011/12 financial year ending June 30 next year. The requirement, at A$10.2 billion (US$10.7 billion), is A$1.3 billion lower than the previous estimate made at the turn of the financial year thanks to an equivalent reduction in forecast client funding, to A$4 billion.
